Seatrium settles dispute with Maersk affiliate

Seatrium Limited refers to its announcements dated 10 October 2025, regarding the notice of termination dated 9 October 2025 received by Seatrium Energy, 22 October 2025, regarding the notice of arbitration which SEI received from Maersk Offshore Wind’s affiliate Phoenix II A/S, the Buyer, and 29 November 2025, regarding SEI’s commencement of arbitration against the Buyer, in connection with the contract between SEI and the Buyer for the construction of a Wind Turbine Installation Vessel. The Company wishes to update that SEI and the Buyer have reached an agreement for SEI to deliver the Vessel and the Buyer to take delivery of the Vessel by 28 February 2026. Upon delivery of the Vessel, the Buyer shall pay the balance of the Contract Price being the sum of $360M.